BAE SYSTEMS To Purchase National Sensor Systems, LLC.ROCKVILLE, Md. -- BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. Inc today reached a definitive agreement with National Sensor Systems (NSS (Novell Storage Services) A 64-bit file system introduced with NetWare 5 that can support terabyte-sized files. NSS files and standard NetWare files can be used in the same server. See NetWare 5. 1. (networking) NSS - Nodal Switching System. ) to purchase all of the shares of the company for $8.7 million in cash. NSS, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Acton, Mass., specializes in the development of electro-optical sensor systems for aerospace and defense applications. NSS also provides gimbal and stabilization systems to the Department of Defense and other government agencies. NSS employs 20 engineers and scientists. Walt Havenstein Walter P. "Walt" Havenstein is an American businessman, engineer and former United States Marine. Since 2007-01-02 he has been president & CEO of BAE Systems Inc., the US subsidiary of BAE Systems plc and a board member of BAE Systems plc. , president of BAE Systems Electronics & Integrated Solutions headquartered in Nashua, N.H., said, "NSS' technology expertise will help BAE Systems expand its capabilities in airborne sensors, electronic warfare and communications. In turn, we expect to take that expertise to the next level of innovative performance." Steven Wein, NSS president, said, "We are excited to be joining a true leader in the defense electro-optics arena and look forward to continuing our growth in the high performance optical systems and airborne stabilization markets." The parties expect to close the transaction promptly upon receipt of regulatory approvals. About BAE Systems BAE Systems is the premier trans-Atlantic defense and aerospace company, delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . BAE Systems, with more than 100,000 employees worldwide, had 2005 sales that exceeded $28 billion. About National Sensor Systems National Sensor Systems (NSS) develops and manufactures advanced optical systems primarily for the aerospace and defense industry. NSS specializes in the development of electro-optical sensor systems covering the visible through infrared wavelengths. The company provides hardware and software systems for pointing and stabilization, spectral and polarimetric sensing, laser communications, fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , LIDAR, and aerial surveillance applications. NSS also provides real-time image processing algorithms for image enhancement See image editing. and noise reduction in visible and infrared imaging systems. NSS is an employee-owned qualified small business. www.nationalsensorsystems.com |
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